No ratings

Hey all, happy Friday. I just wanted to quickly regroup with you before we all got started on our weekend plans to give you an update on the bullish reversal call... the one we've been talking about since Wednesday. In simplest terms, we got some more clues today that jive with the new bullish opinion.

No ratings

Yesterday it was only a hypothetical; today it's a reality. What's that? The NASDAQ 100's (NDX) move to a key Fibonacci level at 2550. Now that it's been touched (and surpassed, actually, with today's plunge to 2535.36), the market's likely burned off all of the selling pressure it needs to. From here we can expect a trade-worthy bounce... which may well turn into something bigger.

No ratings

Hope you had a great weekend. I thought today's subject line was very appropriate since that's exactly what the market is doing this morning. As I type, the NDX is testing the 2588 low it tested twice last week. Will three times be a charm? We're going to find out very soon. We mentioned last week the possibility of the NDX blowing through the 2588 support level before staging a fairly strong reversal, so even if the NDX takes out that support, I wouldn't necessarily be running for the hills. It could be just enough to freak everyone out into thinking there's no hope. Once investors lose hope, that's when things will turn.

No ratings

Good Friday all. Markets are behaving per our analysis still. We scalped 33% overnight on some QQQ Call Options and by the time you got our newsletter yesterday, you probably had an even better entry point than we did, so congrats to those who played that suggestion! That was easy money. Maybe it pays for a nice weekend or even a vacation for you?

No ratings

Good morning all. We're seeing a little back and fill off yesterday's move up in the major indexes. I personally just bought some May 19 QQQ Call Options to play some potential short-term follow through to the upside in the major indexes. Fairly risky... so we'll see. However, I don't plan to hold them long. Like we mentioned yesterday, although this market is due to bounce, there still exists the possibility that the market could take out the double bottom put in over the last few days but again, if it does, I believe the NDX is still within about a 40 point range of finding at least a short-term base to support a decent move to the upside.